Impala Asset Management LLC Buys 54,727 Shares of The Buckle, Inc. (NYSE:BKE)

Impala Asset Management LLC grew its stake in shares of The Buckle, Inc. (NYSE:BKE) by 27.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 254,727 shares of the company’s stock after purchasing an additional 54,727 shares during the period. Buckle comprises about 8.5% of Impala Asset Management LLC’s holdings, making the stock its 4th biggest holding. Impala Asset Management LLC owned 0.50% of Buckle worth $9,410,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. TFO Wealth Partners LLC lifted its stake in Buckle by 60,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 601 shares of the company’s stock valued at $29,000 after buying an additional 600 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Buckle in the 1st quarter worth approximately $70,000. CWM LLC grew its position in Buckle by 119.9% during the 2nd quarter. CWM LLC now owns 2,010 shares of the company’s stock worth $74,000 after purchasing an additional 1,096 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Buckle during the fourth quarter valued at $103,000. Finally, Gladius Capital Management LP increased its holdings in shares of Buckle by 217.4% in the 2nd quarter. Gladius Capital Management LP now owns 2,955 shares of the company’s stock valued at $109,000 after purchasing an additional 2,024 shares during the period. Institutional investors and hedge funds own 53.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. UBS Group dropped their price target on shares of Buckle from $32.00 to $31.00 and set a “sell” rating on the stock in a research note on Monday, August 26th. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.

Buckle Trading Up 2.2 %

Shares of Buckle stock opened at $44.03 on Friday. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 10.38 and a beta of 1.13. The firm has a fifty day simple moving average of $41.92 and a 200-day simple moving average of $39.13. The Buckle, Inc. has a 1-year low of $30.31 and a 1-year high of $48.15.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, August 23rd. The company reported $0.78 EPS for the quarter. The business had revenue of $282.39 million during the quarter. Buckle had a net margin of 16.69% and a return on equity of 46.17%.

Buckle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.18%. The ex-dividend date is Friday, October 11th. Buckle’s dividend payout ratio (DPR) is presently 33.02%.

Insider Activity

In related news, CEO Dennis H. Nelson sold 24,666 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $42.44, for a total transaction of $1,046,825.04. Following the completion of the transaction, the chief executive officer now owns 1,924,811 shares in the company, valued at approximately $81,688,978.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Dennis H. Nelson sold 900 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $40.33, for a total value of $36,297.00. Following the completion of the sale, the chief executive officer now directly owns 1,949,477 shares in the company, valued at $78,622,407.41. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dennis H. Nelson sold 24,666 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $42.44, for a total transaction of $1,046,825.04. Following the completion of the sale, the chief executive officer now directly owns 1,924,811 shares of the company’s stock, valued at approximately $81,688,978.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 120,799 shares of company stock worth $5,033,569. Company insiders own 39.80% of the company’s stock.

About Buckle

The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.